According to the recent report by IMARC Group, titled “Digital Asset Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global digital asset management market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global digital asset management market size reached a value of US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2027, exhibiting at a CAGR of 19.2% during 2022-2027.
Digital asset management (DAM) represents the software-based solutions that organizations use for organizing, sharing, storing, and recovering digital assets at a centralized location. It generally contains processed data files, text documents, engineering blueprints, web pages, audio, videos, etc. Brand assets, library assets, and production assets are some of the kinds of DAM solutions. They enhance team creativity by automating workflow, permission management, quick retrieval of media files and backup, etc., via streamlined cloud experiences and copyright functionalities. As a result, DAM solutions find widespread applications across several sectors, such as retail, manufacturing, banking, financial services and insurance (BFSI), information technology (IT), healthcare, education, entertainment, tourism, etc.
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Global Digital Asset Management Market Trends:
The escalating adoption of cloud-based services is among the primary factors driving the digital asset management market. Besides this, the elevating demand for these solutions in workflow collaboration, automation, improving digital content, maintaining the transparency of operations, etc., is further augmenting the market growth. Apart from this, digital asset management offers various benefits, including real-time access to content, risk reduction of organizational data, asset misuse, user-friendly interface, etc., which is acting as another significant growth-inducing factor. Moreover, the increasing popularity of digitization across industry verticals is also catalyzing the global market. Furthermore, the introduction of technological advancements, such as the Internet of Things (IoT), artificial intelligence (AI), face recognition services, etc., that offer higher scalability, improved access, and enhanced operational speeds is expected to bolster the digital asset management market in the coming years.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Cognizant Technology Solutions
- OpenText Corporation
- Adam Software
- Canto Inc.
- North Plains Systems
- Mediabeacon Inc.
- IBM Corporation
- Widen Enterprises Inc.
- Oracle Corporation
- Webdam Inc
Breakup by Component:
- System Integration
- Support and Maintenance
Breakup by Type:
- Brand Asset Management System
- Library Asset Management System
- Production Asset Management System
Breakup by Application:
- Sales and Marketing
- Broadcast and Publishing
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Deployment:
Breakup by End-Use Sector:
- Media and Entertainment
- Banking, Financial Services and Insurance (BFSI)
- Healthcare and Life Sciences
- Travel and Tourism
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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